Divorce and Finances: Tips to Remember

By
Hopper Law Firm
|October 01, 2012

If you are getting a divorce, then you may want to think about your financial
knowledge. Divorce involves a lot of money matters, and if you aren’t
prepared you might find yourself in a pickle. You will want to do your
homework and learn about finances in order to get the most money possible
in the split. According to
The Huffington Post it’s a great idea to educate yourself in financial planning. You
can meet with a friend in the financial department or even hire an advisor
to show you how to best organize your money. You will want to raise good
questions with your divorce attorney in order to determine how asset division
works and why your spouse is more prone to obtain certain assets than you are.

You can also sign up for educational courses on taxes, investing, and other
finance-related topics that may be helpful as you move on from your divorce.
Most community colleges will offer cheap courses in these areas. Typically,
the teachers are financial advisors or attorneys as well, so you can get
expert advice for a fraction of the cost that it would take to hire a
financial advisor. Some community colleges may even have courses on divorce
and finance.

You should be aware of senior seminars that send out invitations for luncheons
that discuss retirement benefits and estate planning. Sometimes these
seminars are simply pitched investments that aren’t in the attendee’s
best interests. The AARP says that seniors should be aware that these
luncheons can be a bad idea. You should also prepare a new will after
your divorce in order to make sure that everything is up to date. If your
former spouse is in your current will, hire a probate attorney to correct
that. Talk to a family lawyer today if you want more information about
how divorce can affect your finances. Because we deal with splits all
the time, the lawyers at Hopper, Hopper & Mulligan, PLLC are informed about how
money matters in a
divorce. Talk to us today for more information!

The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual
case or situation. This information is not intended to create, and receipt
or viewing does not constitute, an attorney-client relationship.